The huge capacity to purchase submission that goes with any large sum of money, well, this we have. This is a power of which we should all be aware.

The experience of being disastrously wrong is salutary, no economist should be denied it, and not many are.

I was brought up in southwestern Ontario where we were taught that Canadian patriotism should not withstand anything more than a five-dollar-a-month wage differential. Anything more than that and you went to Detroit.

Meetings are held because men seek companionship or, at a minimum, wish to escape the tedium of solitary duties. They yearn for the prestige which accrues to the man who presides over meetings, and this leads them to convoke assemblages over which they can preside. Finally, there is the meeting which is called not because there is business to be done, but because it is necessary to create the impression that business is being done. Such meetings are more than a substitute for action. They are widely regarded as action.

Nostalgia combines regularly with manifest respectability to give credence to old error as opposed to new truth.

I talked about the consolidation of power in the hands of the corporate bureaucracy, as distinct from the stockholders. To this view, I still strongly adhere.

Politics is the art of choosing between the disastrous and the unpalatable.